Strategic Equity Capital PLC (SEC) has published its monthly total voting rights disclosure, confirming that as at 31 October 2026, the number of ordinary shares carrying voting rights stands at 30,533,804. The update, released on 2 November 2026 in accordance with FCA Disclosure Guidance and Transparency Rules, is a regulatory requirement that provides shareholders and other parties with the denominator figure needed to calculate whether they must notify changes in their interests. The disclosure highlights that a significant proportion of the company's total issued share capital is currently held in treasury, reducing the effective voting pool.

Key Points

  • Strategic Equity Capital PLC (SEC) — UK-listed investment company
  • Total voting shares confirmed at 30,533,804 as at 31 October 2026, following treasury share deductions
  • Total ordinary shares in issue: 54,018,710 of 10p each; 23,484,906 shares held in treasury
  • Investors and notifiable parties should use 30,533,804 as the denominator for FCA disclosure threshold calculations

SEC's Total Issued Share Capital and Treasury Holdings as at 31 October 2026

As at 31 October 2026, Strategic Equity Capital PLC had 54,018,710 ordinary shares of 10 pence each in issue. Of this total, 23,484,906 shares are held in treasury and therefore carry no voting rights. This leaves 30,533,804 shares with active voting rights. Treasury shares are ordinary shares repurchased by a company and held rather than cancelled; they do not count towards voting or quorum at general meetings, and this distinction is material for any shareholder or institution assessing notification thresholds under FCA rules.

FCA Rule 5.6.1 and the Denominator Figure Shareholders Must Use

The announcement was made pursuant to Rule 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules, which requires listed companies to publish their total voting rights at the end of each month in which a change has occurred. The confirmed figure of 30,533,804 serves as the official denominator that shareholders, funds, and others with notification obligations must apply when determining whether their holding has crossed a reportable threshold. Failing to use the correct denominator could result in missed or incorrect filings under the transparency regime.

Role of Juniper Partners as Company Secretary for Strategic Equity Capital

Administrative responsibility for the disclosure sits with Juniper Partners Limited, which acts as company secretary for Strategic Equity Capital PLC and is based in Edinburgh. Juniper Partners is contactable via the email address and telephone number provided in the announcement for any further information relating to this update. The involvement of a specialist third-party company secretary is common among UK investment trusts and closed-ended funds, reflecting the governance structures typical of the sector in which Strategic Equity Capital operates.

What This Disclosure Means for Investors Monitoring SEC's Share Structure

Investors monitoring Strategic Equity Capital PLC should note that with 23,484,906 shares — representing a substantial portion of total issued capital — held in treasury, the effective free-float voting base is considerably smaller than the gross issuance figure might suggest. Those approaching disclosure thresholds under the FCA's transparency rules must now update their calculations using the 30,533,804 denominator. Any future changes to treasury share levels or new issuances would trigger a further monthly update under the same regulatory framework.